In the third quarter of 2023, a total of 384 building permits were granted for 1,827 new dwellings, marking a 12.7% decrease compared to the same quarter in the previous year.
Building permits serve as authorizations for commencing new construction projects, offering insights into the anticipated development of construction activities based on approved new dwellings.
Compared to the third quarter of 2022, the number of building permits dropped by 13.9%, with a corresponding 12.7% decrease in approved new dwellings. The average number of approved new dwellings per building permit was 4.8.
The predominant new dwellings approved were apartments (1,337), followed by penthouses (276), maisonettes (141), terraced houses (61), and other residential units (12).
Apartments constituted 73.2% of the total approved new dwellings.
In terms of regional variations, the number of new dwellings approved in Malta decreased by 6.5%, while in Gozo and Comino, there was a substantial 35.5% decrease.
The Northern Harbour district recorded the highest number of approved new dwellings (528), while the Western district had the lowest (160).
San Pawl Il-Baħar led in the number of approved new dwellings (222), followed by Il-Mosta (110), Birkirkara (107), Ħal Qormi (85), and Tas-Sliema (82).